EP107 Creative Financing: Nothing Down, Why Price is Irrelevant, and the Power of Zero with Chris McClatchey

EP107 Creative Financing: Nothing Down, Why Price is Irrelevant, and the Power of Zero with Chris McClatchey

Chris McClatchey initially built his Real Estate Portfolio the Traditional Way - by using Bank Financing. But then it struck him; the majority of his cash flow was going back to the bank to pay off his mortgage. Not only that, but the first seven to fifteen years of mortgage payments were primarily paying off the interest on his loan rather than paying down the principal.

Chris knew that there had to be a better way, and that's when he came up with "The Power of Zero". By using seller financing with zero percent interest, Chris was able to outbid other investors by overpaying for the property, but he was still paying much less in interest over the duration of the loan.

Today, Chris shares "The Power of Zero" with us, and explains why its so important to listen to the seller to figure out what they really want, why the terms of the loan are much more important than the price you're willing to pay, the three elements to a great deal, and how to present an offer and understand the psychology of the seller.

And you don't want to miss Chris when he appears as a featured speaker at the 2018 Annual Real Estate Investor & Landlord FREE Conference & Expo, here in Grand Rapids, Michigan from February 22 thru 24.

You can go to www.rpoaonline.org to register for FREE!

Jaksot(589)

EP432 Navigating Foreclosures with DJ Olojo

EP432 Navigating Foreclosures with DJ Olojo

My guest today is an expert in foreclosures and will be sharing tips on how you can craft a foreclosure strategy when working with owners who find themselves in that distressing situation. DJ Olojo is...

8 Huhti 202433min

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

EP431 What Does Multifamily Success Look Like? With Gino Barbaro

Many of you know my guest today from the incredibly popular Real Estate Podcast the "Jake & Gino Show". Gino Barbaro has over 2,000 multifamily units and $250 million in assets under management. He's ...

1 Huhti 202433min

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver

As real estate investors, we are always looking for ways to save on our yearly IRS tax bill, and cost segregation is one of the most powerful methods available to us. Today we have Erik Oliver from Co...

25 Maalis 202434min

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman

The Midwest REI Conference was a huge success and we were able to catch up with our friend Ramond Harris II. You may remember Ramond as the Detroit flipper, wholesaler and rehabber who shared his stor...

18 Maalis 202427min

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

EP428 Why You Should Consider Buying a Franchise with Lance Graulich

Today we're going to talk about franchising. In simple terms, franchising is a business in which the owner licenses the operations, products, branding and knowledge in exchange for a franchise fee. Ma...

11 Maalis 202436min

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder

Anyone who owns rental property can tell you that one of the systems you must pay attention to is your heating and air conditioning system—commonly referred to as your HVAC system. Today we talk with ...

4 Maalis 202433min

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch

Today we're going to discuss the build-to-rent model. Build-to-rent, also known as BTR, is an emerging trend that has been gaining significant traction in recent years. It involves the construction of...

26 Helmi 202429min

RPOA Special Speaker Announcement – Ryan Kilpatrick

RPOA Special Speaker Announcement – Ryan Kilpatrick

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held TODAY and TOMORROW - February 22nd through 23rd - right here in Grand Rapids, Michigan ...

22 Helmi 20246min

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